Malaysia will use its state funds to put a floor under the country's battered stock market, though currency intervention and interest rate hikes are ruled out as tools to keep sharp falls in the ringgit in check, its deputy finance minister said.
The world's second-largest exporter of liquefied natural gas has been hit by the collapse in global crude prices that added to the pains of an economy grappling with mounting household debt.
Foreign investors have trimmed exposure to Malaysia, causing its stock and bond prices to tank. Its currency, down 16 percent this year, remains vulnerable to further falls against the dollar as the U.S. Federal Reserve eyes raising interest rates.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
The world's second-largest exporter of liquefied natural gas has been hit by the collapse in global crude prices that added to the pains of an economy grappling with mounting household debt.
Foreign investors have trimmed exposure to Malaysia, causing its stock and bond prices to tank. Its currency, down 16 percent this year, remains vulnerable to further falls against the dollar as the U.S. Federal Reserve eyes raising interest rates.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment